Bay Psalm Book: why does this book cost almost 14.2$ million?

The book you see below is called Bay Psalm Book and it has psalms from 1640 and it is believed to be the first book ever printed in the US. This alone is enough to raise its value up to 14.2$ million!

Colonial Psalm Book Auction

One of the 11 copies that have been preserved from Bay Psalm Book was sold for the aforementioned price by Sotheby's in New York and it is the highest amount of money ever paid for a book in the whole world, ever! It's also worth mentioning that the previous record was 11,5$ million that were spent by an unknown buyer to make the book "Birds of America" by John James Audubon his own. If you'd like to know who paid 14.2$ million to buy the Bay Psalm Book, it was David Rubenstein co founder of Carlyle Group LP.

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